Skip to content
Home » Missouri lawmaker hopes to shield cryptocurrency mining from state and local regulation • Missouri Independent – Missouri Independent

Missouri lawmaker hopes to shield cryptocurrency mining from state and local regulation • Missouri Independent – Missouri Independent

Missouri lawmaker hopes to shield cryptocurrency mining from state and local regulation • Missouri Independent – Missouri Independent

Mining cryptocurrency requires enormous amounts of computing power and electricity, both to keep the digital calculations going and to cool the machines doing the work.A legislator from St. Charles County wants to make it easier for entrepreneurs to set up their mines in Missouri, proposing legislation that prevents local governments from limiting the locations for mining operations or imposing noise restrictions tighter than those for other industries.The bill filed by state Rep. Phil Christofanelli, a St. Peters Republican, would also bar the Missouri Public Service Commission from agreeing to set power costs for cryptomines above the rates charged to other industries.The… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *